Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, has announced that Dh65 billion will be allocated to a housing programme in Dubai for UAE citizens.
The money will be spent in over the next two decades to ensure that Emiratis have a decent place to live.
The number of citizens benefiting from the housing programme will increase by 400 per cent.
“Today, we approved the citizens’ housing programme in Dubai in which we allocated a budget of 65 billion dirhams for the next twenty years,” Sheikh Mohammed said.
“We also directed to immediately multiply four-fold the number of beneficiaries of the housing programme, and allocate new lands sufficient for citizens to live in for the next twenty years.”
The Dubai Ruler said he will supervise the integrated housing policy himself.